Regulation

Barra says GM continues pursuit of 'zero defect mentality'

12:33 pm U.S. ET | Sept. 19, 2014
General Motors CEO Mary Barra told an event here today about being the target of Congress -- and "Saturday Night Live" -- and about befriending billionaire Warren Buffett. But she gave little detail on GM's new Cadillac to be built in Detroit....
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Toyota recalling 20,000 vehicles from 2014-15 on potential fuel leak

9:28 am U.S. ET | Sept. 19, 2014
Toyota said it will recall about 20,000 vehicles from the 2014 and 2015 model years worldwide for possible fuel leaks....
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House bill proposes tougher auto safety rules

6:15 pm U.S. ET | Sept. 18, 2014
House Democrats introduced another bill Thursday to toughen federal auto safety laws after the National Highway Traffic Safety Administration came under more criticism by U.S. lawmakers this week for its handling of the General Motors ignition switch recalls....
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7 Japanese supplier execs indicted in price-fixing scheme

4:09 pm U.S. ET | Sept. 18, 2014
A federal grand jury in Detroit has indicted seven executives from Japanese auto suppliers Mitsubishi Electric and Hitachi Automotive Systems for their alleged roles in a conspiracy to fix auto parts prices, the Justice Department said today....
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Audi claims first California autonomous driving permit

11:35 am U.S. ET | Sept. 17, 2014
Volkswagen's Audi unit is the first automaker to receive an autonomous driving permit in California, as new laws in the state governing the process went into effect on Tuesday....
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Tesla argues New Jersey regulators can't stop direct sales

2:06 pm U.S. ET | Sept. 17, 2014
Tesla Motors, in a court filing submitted Tuesday, argued that New Jersey regulators have no authority to shut down direct sales at the electric-vehicle maker's stores in the state....
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THE GM RECALL

House report, citing 'critical mistakes,' blasts NHTSA

11:41 am U.S. ET | Sept. 16, 2014
Federal auto safety regulators failed to detect GM's defective ignition switches despite having “ample information” about the problem as early as 2007, according to a House committee investigation into the GM recalls and NHTSA released today....
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Tesla prevails in top Mass. court over direct sales

5:52 pm U.S. ET | Sept. 15, 2014
Massachusetts' highest court on Monday threw out a lawsuit seeking to block Tesla from selling its luxury electric cars directly to consumers in the state, enabling it to bypass traditional dealerships....
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U.S. Treasury chief warns China on antitrust probes of foreign companies

2:32 pm U.S. ET | Sept. 15, 2014
Treasury Secretary Jack Lew warned the Chinese government that a recent spate of antitrust investigations against foreign automakers and other companies could have serious implications for U.S.-China relations....
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European chamber urges China to ease aftermarket rules

Sept. 12, 2014 14:03 CET
The European Union Chamber of Commerce in China has urged the nation's government to allow more competition for vehicle aftermarket service as it says current regulations are the "key driver" of the monopoly situation that has led to state probes within the auto industry....
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JIM HENRY

Regulation forecast calls for rain, former CFPB exec says

11:00 am U.S. ET | Sept. 10, 2014
Rick Hackett, a former assistant director for the Consumer Financial Protection Bureau who was the bureau's liaison to the auto finance industry, predicted the bureau would probably unveil a long-awaited rule next week, defining which nonbanks fall under the CFPB's jurisdiction....
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U.S. businesses in China feel targeted

12:01 am U.S. ET | Sept. 8, 2014
China is targeting foreign companies, including automakers and suppliers, with opaque laws and rules, said a group representing U.S. businesses here, Bloomberg reported....
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Automakers, suppliers fund research toward cars that talk to each other

11:07 am U.S. ET | Sept. 5, 2014
A group of companies, including several large automakers, have joined a public-private research initiative to lay the groundwork for a system that wirelessly connects vehicles and helps smooth the flow of traffic, the University on Michigan said today....
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Ford recalls 191,770 Focus sedans in China to repair fuel leak

7:34 am U.S. ET | Sept. 5, 2014
Ford issued its largest recall in China in four years after the nation's quality regulator found a fuel leak risk in the Focus sedan....
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Toyota will expand active safety systems to entire U.S. lineup

9:34 pm U.S. ET | Sept. 3, 2014
Toyota Division plans to make active safety technology -- including anti-collision systems -- available throughout its entire lineup in the United States by 2017, said Bill Fay, Toyota Division's general manager....
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JIM HENRY

New rules for asset-backed securities could impact subprime lenders

12:01 am U.S. ET | Sept. 3, 2014
The Securities and Exchange Commission last week laid out new rules for asset-backed securities, the financial practice in which lenders bundle loans and sell them off to investors to raise money to fund new loans....
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Suppliers unveil the future at world car-tech conference

9:00 am U.S. ET | Aug. 30, 2014
The upcoming ITS World Congress 2014 in Detroit will highlight the global transportation industry's future of connectivity, safety and automation. The Sept. 7-11 event, which is in Detroit for the first time, is a big step for suppliers, local and global, to introduce the technology that's making up more of their bottom lines....
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JIM HENRY

Is CFPB guilty of spin?

12:01 am U.S. ET | Aug. 27, 2014
Remarks delivered by Consumer Financial Protection Bureau Director Richard Cordray and language used in a bureau statement last week were a lot harsher than the dry legalese of the consent order signed this month by the CFPB and First Investors Financial Services Group....
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GM, Ford, Toyota and VW among automakers hit by antitrust penalties in India

Aug. 26, 2014 10:21 CET
India's antitrust regulator fined 14 carmakers a combined $420 million for stifling competition in the market for spare parts. Among the companies fined were the local units of GM, Ford, Toyota, VW, Fiat, Nissan, BMW and Mercedes....
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Regulators' sweep threatens auto parts business model

Aug. 25, 2014 12:32 CET
Suppliers who have colluded for years to inflate parts prices for automakers, dealers and repair shops in a global market with annual sales of more than 80 million vehicles, are now being exposed in a worldwide sweep by regulators....
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CFPB takes new tack in auto lender crackdown

12:01 am U.S. ET | Aug. 25, 2014
The Consumer Financial Protection Bureau took a fresh approach to cracking down on auto lenders, citing one group for failing to furnish accurate customer data to credit reporting agencies....
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THE GM RECALL

U.S. probes GM lawyers' role on vehicle recalls, reports say

6:49 am U.S. ET | Aug. 22, 2014
Federal prosecutors have learned that lawyers for General Motors were present at key meetings during which information about problems with some of its vehicles were discussed, a source close to the investigation told Reuters....
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Honda to modify 12,000 redesigned Fits sold in U.S. to enhance crashworthiness

10:00 am U.S. ET | Aug. 21, 2014
Honda plans to modify 12,000 redesigned 2015 Fit models in customer hands in the United States following a mid-model-year engineering change that improved the subcompact's showing in a key industry crash test....
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Novelis: Aluminum sales to automakers will nearly triple on new emissions, mpg rules

8:49 am U.S. ET | Aug. 21, 2014
Novelis, the world's biggest supplier of aluminum sheeting to carmakers, expects sales to customers including Audi and Ford to rise almost three-fold as new emissions rules restrict the use of steel....
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NHTSA launches VIN tool to search for recalls

12:01 am U.S. ET | Aug. 20, 2014
Car buyers and owners can use a vehicle's identification number to identify open or unrepaired safety recalls with a new search tool released by NHTSA starting today. Consumers enter a VIN to find out whether the vehicle has any open, unrepaired recalls and whether the automaker has a fix available....
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Defying Dad, by building on his legacy

Defying Dad, by building on his legacy

At Courtesy Auto Group in Illinois, Ray and Rik Fregia are seeing sales boom after million-dollar overhauls at their three stores. Mon., September 15
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